NOEL FLINT

KNIGHT FRANK

City
London
Category
Property Advisers
Company Size
International

The mood in London is positive, says Noel Flint, Knight Frank’s head of London residential — a relief after a ‘challenging’ year that saw a 37 per cent decrease in volume of transactions following the stamp duty rises and uncertainty surrounding Brexit. There was a marked improvement in the last quarter of 2016, which included the best November they’ve had in three years. Low interest rates and a weak pound have helped encourage both domestic and foreign clients, as has a muchneeded dip in asking prices. ‘Some properties are now well-priced and people may look back at the end of 2017 and think, “Maybe the beginning was a good time to buy,”’ says Flint. ‘We are possibly at the bottom of the curve.’

Noel Flint